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. melissa: that was quick end to the point. at the career of being taxed without representation right now. that is all the "money" we have for you today. we'll see you back here tomorrow. gerri willis is up next. ♪ gerri: hello, everybody. i'm gerri willis. tonight on "the willis report". >> is hello kitty really terrifying to some of us? why is one pennsylvania kindergartner in big trouble over his toy gun that only shoots out bubbles? we will have the details on this extraordinary case next. and as president obama celebrates his inauguration day, what will another four years mean for us? >> new ideas and technology. >> that, if you have just a cold? died missing themselves instead of going to the actual doctor. but is this safe? we will ask dr. mitchell brooks. "the willis report" is on the case. gerri: tonight stop -- top story takes us to a suburb located about 90 miles northwest of philadelphia. officials at an elementary school have suspended a five year-old girl over what they called terrorist threats. after the kindergartner reportedly told a classmate that she wanted to share w
term at higher taxes, a burden for every american. could they bring an end to the career of one of my favorite golf first? find that next. ♪ aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thanyou. ♪ overmany discounts to thine customs! [old english accent] safe driver, multcar, paid in full -- a most fulsome bounty indeed, lord jamie. thou cometand we thy saveth! what are you doing? we doth offer so many discounts, we have some to spare. oh, you have any of those homeowners discounts? here we go. thank you. he took my shield, my lady. these are troubling times in the kingdom. moreiscounts than we knoweth what to do with. now that's progressive. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorni
with this economic reality. you know what? my constituents are going to pay for it in their taxes. what no one seems to want to talk about in the media. yes, congress will pass an emergency bill and exceed the spending cap congress voted on and then your taxes will be the makeup for that because there is no other place to get it from. >> neil: i admire your guts to stand up to the likes of chris christie, who said, quit playing games and pass the aid. you are saying, we are playing game fist we pass this kind of aid. >> chris christie is a great governor. he's right. the emergency aid nides to be there, the money that will go to the local community, which is about $17 bimmion of this $50 billion aid package. so we bailed out the fema relief insurance fund. okay? we know that that has been operating at a deficit. it's still in the red right now. this is going to prolong the agony. if we don't fix the core spending problem, we are not going to have money for another disaster. >> neil: i suspect they won't. they have taken some of the fat out. but i am talking in terms of million, not billions. >> mill
's at the top of the hour, you do not want to miss it. now to taxes and what we're calling many state by state tax revolt. five states are looking to eliminate state income taxes for people and corporations, they are louisiana, kansas, north carolina, oklahoma, and nebraska. if you wouldn't know it, the governor of nebraska, david henman is here and he's going to explain. thanks for joining us this morning. all of a sudden, did these states have the same epiphany or the same realization that there's only way to get the local economies going and that would be to change their taxes? >> well, i would tell you, charles, we have all looked at the economy that we're competing in, which is worldwide, and we know we need to be more tax competitive. i want to create more jobs in this state, our state, for citizens and higher paying jobs and the way to do that is to have lower income tax rates and corporate rates and in our particular case, i'm proposing the complete elimination of the income tax and the corporate tax rate. we do that by repealing some of the sales tax exemptions that we've granted over
taxes as the most important issues facing american small businesses and that's double the response for any other issue. the next two were government and relagz. in other news, walmart will announce a plan to hire every veteran that applies for a job. the only requirement? the vets need to have retired from the military within the last year. >>> the house will begin to debate on a $51 billion plan for superstorm sandy victims. more than 90 amendments will be filed by friday. earlier this month, lawmakers approved $9.7 billion to help pay flood insurance claims from the storm. the senate is expected to pick up whatever legislation the house approves, but things are getting testy at this point. you are talking about over 75 days i believe at some point since the storm actually came through. governor chris christie of new jersey has been making harsh comments about how you will not expect in the past of seeing any of the representatives from this area of the country who were voting down bill toes help aide flood and victims in iowa. he doesn't want to see breaking down into you scratch
said this is a great opportunity for them to pass a budget. talk about tax reform or various kinds of things. the debt ceiling, the sequestration, etc., that really have not been addressed appropriately for the nation. so i think that is a good way to look at it. it is an opportunity to follow the law and do our jobs. >> thank you very much. i agree with you. i think both sides of this capital will have an opportunity to accept this bill , vote for or against it, to debate it and the merits within. i think we have seen where several prominent democrats have really accepted the challenge to get that done. mr. levin, did you want -- >> just briefly. my guess is -- >> the gentleman is recognized. >> we'll debate this tomorrow. just a few things. i'm in favor of regular order. that doesn't mean there's any guarantee of the result and to use the debt ceiling as a lever i think is a very serious mistake. after the credit of this country was downgraded, a senior director of standard & poor's -- this was right after it -- said the following about american political institutions that they w
is it will increase -- by not raising the debt ceiling, you should be able to raise taxes on the wealthy, making $200,000 a year or more. host: ok. anthony in greensboro, north carolina, independent. caller: good morning. i have done quite a bit of research on the debt. what i don't hear from anybody, whether from the politicians or people asking questions, is the fact that the united states over the last 10 or 15 years has overwhelmingly started bases all over the world. over 1200 bases. and i cannot get a direct answer to actually how many. each would bring in the amount of money well over $1 trillion in just the maintenance. along with that, on the far side, after deep search, i discovered that the united states in the last eight years, since 1998, i believe, through nasa, they have come to believe in some kind of solar scenario along with an economic scenario and have been spending a lot of money in creating bases or underground cities in preparation, which is understandable, as any other nation, including japan and china have been doing themselves. host: next we will hear from a democratic calle
it was put in place. we just raise tax rates on the well-off so we are doing this in pieces off. declaring victory more angry at each other than they were before and making it harder to do the remaining policies is so we know what we have left we know what we have to the health care cost which the truth is we don't know how to fix the system in its entirety. we have to keep looking at ways to control health care cost and the government programs and medicare and we are going to have to go back and do this every couple of years but we have to study what works and put more of the policies that are working in place. we have to deal with our other entitlement. it's a contentious issue in this country. it's always a political tough battle. but the longer we wait to make the changes for the people the difference of the programs there is no question about that and we have to go forward with tax reform which is great when you talk about it broadly we all know the tax code is a disaster and none of us like the tax code. when you talk about the ability to broaden the base, lower the rate and raise re
in the united states doesn't have a lot of influence on the economy, but the tax hike on the working men and women, 120 million people, that 2% payroll tax is a killer, and that is all consumption of some. people spend the mone money thet have it, they reach into savings. that was a mistake, it was bad policy. i took growth down in the u.s. by half a point. lori: and you are telling us the economy has all the potential to break out. how much o ahead when will this fiscal policy have? is there any way to recoup it? any offsetting factor? >> unless washington changes its behavior. which is not likely. then the answer is no. we have this gradual recovery. it looks all right over time, has good pieces to it, energy, housing, the banking sector actually may be getting better. lori: must be a mistake on our washington leaders, what if they can achieve a grand bargain, get entitlement reform and we can sustain this debt to gdp level for the time being we can get to underlining measures. >> it would be a glorious outcome. lori: are you optimistic at all it will happen? >> i would like it to happ
on your debt. well we have 2 1/2 trillion dollars coming into the treasury every year in tax revenue. we can use that tax revenue to pay the interest on our debt. therefore, we will not default. all this talk about being a deadbeat nation, that belies the fact that we have never, and will never default on our obligations. the obligation being to pay the interest on the debt. we're not a deadbeat nation and we're not going to default, period. yes. period. martha: comes down to the big question whether or not you will cut spending in order to not default on your debt. and that brings us to a larger question or one of the larger questions, which is whether or not we will be downgraded if we don't become more responsible with our spending? >> interesting you should raise that issue, martha, because 45 minutes ago, fitch, the ratings agency said, if we have another delay in raising this debt ceilingsing, if we have this political standoff again just like we had in 2011, fitch says we may be downgraded. his name is david reilly. he is managing director at fitch and he said if it is just like 2
and said it much better than i will, in fact, maybe if you had it on tape, we'd show it. but tax policy and trade policy. obviously, as the recession hits the world, why, trade policy gets more difficult. and we have troubles getting products into two of our most fast-growing markets, in argentina and brazil, which we could use some government help on keeping those markets open. and, of course, the big one is tax policy. we have the highest corporate tax rate in the world. so that mark barker who is now the ceo of the company and for a young whippersnapper of 55, he's doing a great job, but that he sits every year when he sets the budget, and he has to decide where the last dollar of investment goes. and where it generates the last dollar of profit. so he could get a dollar of profit in the united states for which 60 cents goes out to the shareholder, to the ultimate shareholder. or he can get another dollar, he can get that dollar profit in timbuktu of which 75 cents comes to the average shareholder. so any global company can maneuver around it, procter & gamble does that, i'm sure, be
that we were and prompted a very dangerous trend of undermining significant development in tax achieving all around the world. and there are a lot of geoscientists of course, but also the very strong understanding the climate change is not only happening, but have been happening for a long time and i was going to be a clear determining for future disaster risk evolution. so the organization i represent is a relatively modest office, but what is not modest i would say is the international partnership is built around the international strategy for design to your reduction, they said thierry, which has one foot in the u.n. and one and the rest of the world. we can only build on science. you have to work with government supporters business, parliamentarians, with any stakeholder that understands and is willing to engage in education and managing risk for the future. the first product to the first idea that people that got together in the early parts of the decade serenade instrument for international cooperation. that is key here. they started working on what became the framework for action.
in an unprecedented move he is reportedly turning his releblgs campaign into a tax exempt group to push his second term agenda. chief washington correspondent james rosen joins us live on this. >> for obama campaign staff and supporters will be gathered in washington this coming sunday. it will be a reunion of sorts. but also they will witness the launch of this new group at an event dubbed the obama legacy conference. according to a report on the web site poll lit co the pro obama organization will be a 501 c 3 a nonprofit for the legislative battle. it will be over debt, deficit, gun control immigration reform leading the organization will be jim macina who will take over the cash of 5.3 million and use it for discreet coalition of the policy battles. it is the most sophisticated in modern times in the use of multi targeting data. vice president giend who hazel lewded to a presidential run of his own spoke about a grass-roots approach in his announcement yesterday as conference as mayor. >> we are going to take this fight to the halls of congress. we are going to take it beyond that. we are goin
to give their approval to allow 11 states to start preparations for imposing a tax on all financial market transactions and measures likely to unsettle banks and houses. for more on the story coming out of europe today, let us head to london to kelly evans who is standing by this morning. i like that necklace. i don't know what it means -- what it's saying to me. it kind of looks like -- >> it's telling you to buy goad, joe. it's a subtle signal to investors. i coordinate my wardrobe with the prevailing market move. >> yeah. >> i was thinking you were stepping out there. is that attached to the wall behind you? are you allowed to move or has ross got you -- >> it's attached to my wrist here with the same thing going on. >> oh, my god. i am actually chained to the desk here because ross westgate, lake-effect snow, is in davos and he will have the very latest out of there and "worldwide exchange" for the rest of the week. we'll also see maria bartiromo there. in the meantime, before that meeting gets under way, france and germany are celebrating their friendship treaty today. it's all about
their fair share of taxes, but-- watching the drama with our economy in the middle and debating because the policy, is that your money don't miss cavuto tonight at 8. >> at 8:30 eastern time, a lot of numbers from the government. and mostly they do not affect the market and that's the case in point today. the consumer price index, no change in the month of december. over the past year, the consumer price index has gone up 1.7%, you can safely say no real inflation measured by the government at the consumer level. no impact on the market either. all right, the trading has started and the dow industrials% the opening trend is mixed. you can't say there's an opening trend one way or the other, but bear in mind the dow is at 13,500. that's a pretty high level. that will be 700 points away from the all-time high for the dow. first off though, let's check boeing. a the lot of you probably own the stock, maybe in a mutual fund, so, nicole, with all the problems for the dreamliner overnight, where-- look at that. >> look at that, it's down dramatically, almost 4 1/2%, now you're talking about
that dividend taxes were going to go up dramatically. even down to the last day of december. you come in, dividend taxes barely go up. i find that, like facebook, which we're going to talk about in a moment, we're not really privy to what's going on. it kind of drives me crazy. we're in a democracy and you're supposed to know. but i do feel that when i look at spain, when i look at france, when i look at germany, i look at the united kingdom they do not get caught up in this kind of wrangling. they are better governed nations right now. >> that's easy to say, i guess, when your comparison seems to be what is a completely dysfunctional congress at this point. jim, how do you go about trying to gauge how to even play this? you look at what happened over the end of the year, the fiscal cliff. and at the end of the day you might take away, well, they did get something done and the markets reacted positively. look at the rally in the first week of the year. do you approach it the same way? it seems to be to a certain extent we're not ignoring it, but at least saying i'm not going to -- >> i d
it to the tax base and locate it from a regional perspective but also a national perspective when you look at it. 30% of the nation's gdp comes from the gulf coast. if the five gulf states were a nation it would rank seventh globally. if you look the population increase there's been 109% increase in the population in gulf region. nationally about 52%. the people are there. the vol nebilities are will but also the significance in terms what it provides to the nation. i think from the state's perspective and also from the gulf we recognize that healthy echo systems also can mean healthy economies. and from louisiana what we have taken, what we believe is a very good first effort in addressing both the vulnerability that exist with the state's master plan has which is is a long-term plan addressing the ecological but reducing the risk across the coast. we believe we can achieve a 100-year protection for the community it's the resources that important. the ecological resource that's state provides and the gulf provides to the nation that if it's going to be afforded through the nation it has to prov
debate, it can be far harder to solve than the taxes, we think the market can be down for a while, and before it comes back up. >> so you're looking for a decline, and perhaps that is an entry point for some. do you agree with that? >> i think any decline is an opportunity to buy, maria. i'm very, very bullish on u.s. equities and one of the main reasons i am the u.s. energy story which i think is a story that's not being told as well as it should be. in 2012 the u.s. oil production was up 16%. that was the biggest year over year increase in u.s. oil production since 18 at which just happens to be when we started producing oil so if we think about what's going on. we have right now -- right now we produce oil at 80%, the same price the rest of the world does. we produce natural gas at 25% of the price the rest of the world does. we have cheap energy here in the united states and we feel that will drive manufacturing back to the united states, create jobs, and when all this political stuff is over, that's going to be a big story that we'll talk about ten years from now. >> these ar
and but budget cuts and tax hikes that have already been put in place. are these guys making more sense than usual? >> i think the resolution of the fiscal cliff us a little bit further toward debt sustainability. going back to 2011, we needed about $4 trillion over a ten-year period 10 year period of time. we are about halfway there with the agreements that have been put in place so far. the question is are we going to go further or not. >> to these guys scare you? >> they make me uncomfortable. the economy needs certainty and 30 end fiscal policy and it seems like we are still hearing a lot of noise if we are watching lot of nothing as usual in washington dc. i'm also hearing a lot of nothing from the businesses here, to be very candid about it. we are hearing a lot of whining and moaning and excitement from the business sector about innovation and new markets and new strategies. but there is a lot of potential besides cost cutting, port. >> the earnings in the corporate sector very high right now. we are seeing earnings decelerates him, and that is likely going to be continued if we don't
and firearms on the tax issue if we get busted on the, on the drug dealers and others. it can go a long way. does that make since? >> well look, the federal government, i agree with mayor daley. the federal government played a key role in what it puts resource. you have the g8 over, atm -- atf over here. u.s. attorney, each user can do something different. i think this has to be central, focus for u.s. attorney and for the federal government and to more integrated. i'll give you one example. where we in different parts of the city, englewood, austin, brought the federal government because with additional resources for those different respective law enforcement agencies in those areas. we seen a decline in homicide. you see that in inglewood, in austin. so how the federal government plays a role on the enforcement side, i'm not sure what, i think if i'm interpreting what he just said, if you can't get them from the pure prosecution, violation of tax laws, al capone is a better example, yes. spent her fester, how effective do you believe that gun buyback programs could be? you see more local
. in the second term, we reported this in a series in "the huffington post," we showed in the debate on taxes, it will take a more publicly confrontational approach to the republicans. he says you treat me like this, i'll treat you like this, go ahead, make my day. i think you will see on gun control, debt ceiling, on everything down the road, public pressure from the president rather than wasting his time on events that the republicans don't even want to come to at the white house. >> yeah, howard, my experience in the senate in the '80s and '90s, was simply that, the big difference was opponents treated each other much more respectfully, they did oppose what they were trying to do. but they didn't try to use tricky tactics. they were very open, honest about it. they let each other know well ahead of time. they didn't try to block every maneuver in parliamentary terms. but on anything important, i never saw anybody get a vote out of friendship or socializing snow >> good evening, americans, and welcome to "the ed show" from new york. what do you say we dive into crazy tonight. the call for c
, pay taxes, do all the other things. we transferred one of our cars to one of our sons here recently. we had to go through the motor vehicle department transfer, whatever. why somebody should be able to go into a gun show and buy any kind of a thing without any kind of the background check you might have otherwise, at least -- i -- at least not an enforceable one, i can't understand that. i really can't. i think we should have stricter background checks. i think they should be real ones. if you have the restraining orders on you, other things, we ought to be able to do that. i realize every state's different. vermont has virtually no gun laws. you can carry loaded concealed weapon in vermont this afternoon if you were there with no permit. we also have one of the lowest crime rates in the country but not because of that. we are as a society we are very law-abiding, but would that stop somebody who is mentally unhinged from going out and using a gun, knife, or anything else to kill people? no. the president's right when he says there are a whole lot of factors involved. i'm anxious to
taxes, all kinds of reasons. those people will not buy real estate. that is what happened january 1. let's talk about overall, they talked to me about builder confidence. still have not broken the 50 level. a couple of regions have hit it, the northeast has not, for example. so where is the disconnect? >> you have a demand for multiple family housing. town home garden apartments, that kind of thing demand is there. out somewhere not so commutable, it is not there. cheryl: because you're a real estate agent to the stars coming of high-end luxury clients with multimillion dollar property, is that market strong, will it stay strong, do you think? >> the market is strong due to the overall lack of supply and we have all kinds of people buying in new york. foreigners, investors, users, so much, so many buyers from so many pools, it works. cheryl: thank you very much. if i had an extra $20 million, i would call you. the closing bell is going to ring, exactly 30 minutes to go right now could dell has been the subject of intense chatter of buyouts. the shareholders of little skittish but the bon
at 19 for senator hatfield, i had the very good fortune to be assigned to the tax reform act of 1976. and then i had the even better fortune that it came up on the floor of the senate. so during the many days it was before this body i sat up in the staff gallery and watched as amendment after amendment was raised and debated on and voted on. there was no camera, no email, the member of the senate team that was responsible for it would run down from the staff gallery, intercept your senator, explain what the issue was, what had been said about it, what folks back home thought about it, what the set of motions had been done on it, and it was a legislature at work. and rarely, rarely did the thought that anything would not be decided by 51 pass the minds of the senators. that was something observed, that objection to 51 was reserved for very special occasions, very rare occasions you might do once or twice in your career. i do -- i do feel like the conversation we have before us is so important, and i thought i'd put up this chart. this just dramatizes -- and my colleague can see it --
zero federal tax dollars. congressman darrell issa, he lives in a different world. he is the leading republican in charge to end saturday mail delivery and cut jobs. >> i think the american people look at the post office as something they don't use very much, but would like to have it still around. >> really? they don't use it very much. darrell issa acts like the postal service is just a luxury and always has been. americans depend on the postal service to deliver things like medicine, absentee ballots, fed ex and ups. they couldn't get into some of these neighborhoods hit hard by hurricane sandy. u.s. letter carriers delivered. but republicans think the postal service should do even more. >> like any business, ups, fed ex, the post office, it can live within its means if it makes appropriate changes. >> how can he say that? how can he say that with a straight face and have any integrity whatsoever? the post office is already required to live within its means. it pays for itself. i challenge the congressman from california to name any other business that could stay open under this b
doesn't put tax pay thornse hook for 100% of the cost of projects that are unrelated to hurricane sandy. the amendment waives the standard local cost share for what -- for, quote, ongoing construction projects. this applies to peach renourishment projects which are typically cost shared at a 65% federal, 35% local shear. while the waiving of this local cost share for this type of pradget is uns predent, i understand that for our friends in new jersey, new york, and connecticut, hurricane sandy was also unprecedented. our amendment does not change the language with respect to repairing the beaches damaged by hurricane sandy. but unfortunately, the language could be interpreted to also waive local cost share for future periodic beach replenishment unrelated to any damage caused by hurricane sandy. these typically can take up to over a 50-year period and cans to the tens of millions of dollars. i'm confident that's not what was intended by the amendment as it was offered. but the amendment is necessary to make sure that that's not how it's interpreted at some point in the future. madam cha
. mr. wilson:section 8 the congress shall have power to lay and collect taxes, duties, imposts, and excises, to pay the debts and provide for the common defense and general welfare of the united states, but all duties, imposts, and excises shall be uniform throughout the united states, mr. goodlatte: i now yield to the gentleman from texas, mr. green. mr. green: to borrow money on the credit of the united states, to regulate commerce with foreign nations, and among the several states, and with the indian tribes, to establish an uniform rule of naturalization, and uniform laws on the subject of bankruptcies throughout the united states, mr. goodlatte: i now yield to the gentleman from florida, mr. nugent. mr. nugent:to coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures, to provide for the punishment of counterfeiting the securities and current coin of the united states, to establish post offices and post roads, to promote the progress of science and useful arts, by securing for limited times to authors and inventors the excl
in a way that they tax dollars are used efficiently and effectively. i'm offering three amends which i think capture the spirit of doing this appropriately to help the devastated communities rebuild stronger and safer, while protecting the taxpayers. first, congressman campbell and i have submitted amendment number 29 that would clarify the language in the amendment about the nonfederal share for ongoing construction projects unrelated to hurricane sandy. now, historically, each renourishment is controversial. how much should we invest in this, and we have settled on a split. 65% federal, 35% state and local or private. we raised that. that's unprecedented. but so be it. may be unprecedented circumstance. but the language in the amendment does not make it clear that we're -- that this is a one-time only shot. projects like this, for long-term beach construction, can last up to 50 years. and i think it would be a great mistake if somehow there's ambiguity in this law that would put the federal taxpayer on the hook for decades to come. i hope it's a drafting error, but i would hope that
at the end of the day we're accountable to the tax payers and the rate payers of city and county of san francisco. >> thank you president torres. just a clarification on the action item before us if there is one or for the later meet something. >> the sfpuc commission agenda provides for them to discuss and take action, so our understanding is that the commission secretary would call the roll for the sfpuc so that they could vote on this agenda item for lafco it was just a discussion item. >> thank you. commissioner vietor. >> yes and i appreciate all the public comments that have been made and the comments too from this body and all of the work that the puc has done. i have been on the public utilities commission for four years plus and i know this cleanpower sf issue -- i think it's been eight years, nine years in the coming, and when i came on there was really this sort of sense that the puc wasn't stepping up, that the city didn't care that we weren't moving quickly enough and he we are at this opportunity to really move things forward. i think it's really remarkable and i think
are protected by armed guards at their schools. mr. obama demands the wealthy pay their fair share of taxes, but he is just another elitest hypocrite when it comes to protection for their kids. >> the nra suffered a big loss in new york today with governor andrew cuomo signing into law the toughest gun control legislation in the country, strengthening the state's existing assault weapons ban. >> going to put rules in place that actually protect innocent people in society. that is what the state of new york is doing today. and it says common sense can win. and good people can win. and you can actually get government to work and get good things to happen. you can overpower the extremists with intelligence and with reason and with common sense. >> the nra immediately released this statement. these gun control schemes have failed in the past and will have no impact on public safety and crime, sadly, the new york legislature gave no consideration to that reality while lawmakers could have taken a step towards strengthening mental health reporting. instead, they opted for stopping the rights of g
that? is there enough tax generated in the economy to offset that? and would disaster occurs are you on the hook for off infrastructure and everything else that may be required to rebuild that community? and asia return on that exposure -- is your return greater? as a taxpayer, the answer is unfortunately too often know. we have subsidize risks to the point where as long as no extreme event occurs, it seems okay. but when the extreme event occurs, you are now exposed to much greater costs without necessary generating revenue or other societal benefits off that risk. now, during the '70s and '80s and through the early '90s, went a lot of growth was taking place in coastal areas and other vulnerable areas, very few storms were occurring. frequency was down. so the allusion was i have lived here for 30 years, this never happens. welcome the problem with climate whether it's 30 year cycles are like an eyelash in understanding how big systems and dynamics work. not talking at any of the forcing issues, and now we find ourselves in this period of increased activity and you are sitting on t
does not stop taking taxes out of your check. even if we go to the brink, they will keep taking the taxes out. tax revenue keeps coming in what washington has to decide is prioritizing what money goes out and where? what do you think is top, top priority. the bill to pay before all others? like if we were in same boat, same emergency we would pay the mortgage or rent first to keep a roof over our head, we prioritize, so does uncle sam like we know we might as well toss our home good-bye. the government knows a default comes only, when obligations to spreadtorcreditors or investorst paid. that is their mortgage emergencies, that upsetting the other stuff, defaulting it is not, that is why some republicans are paying so tough, raise but only if you match in equal spending cut, president said that is crazy, tea party activist thinks that going through this shar charade is cr, what do you think? >> i am so glad that you are pointing this out, i think it is so irresponsible -- i know that very few others in the media are going to point this out. this is a perpetual problem, it is a l
they spend, they send to washington every year in taxes, here's what they get back, new jersey. 61 cents. connecticut, 69 cents. new york, 79 cents. in kansas, they might say look, you guys are loading off us every year. you get $1.12 for every dollar you send in. don't they deserve their money back? isn't this a chance to give it to them? >> i don't know what those numbers are but everybody is getting back more than they send in because 40 cents out of every dollar that's spent in washington, d.c., whether it's relief aid or for any other purpose, is borrowed. what we're trying to do here is make certain if we're going to spend $50 billion or $40 billion or $10 billion, it should be done in a fiscally responsible manner, especially if 80% of the aid is not going to be spent until 2015, why do they have to rush it through. there is going to be pork items in this bill, no question. smithsonian, numerous other places have nothing to do with disaster relief. that's what happens around here far too often. that's what i'm concerned about is when we're borrowing 40 cents out of every dollar, w
they look at it this way, for every dollar they send to washington every year in taxes, here's what they get back, 61 cents, new jersey. new york 79 cents. in kansas mayim bialik say you are loading off of us every year. you get 1.12 for every dollar you send in. don't they deserve their money back. >> i don't know what those numbers are. we have an america that everyone is getting more than they send in. 40 cents of every dollar back in washington, d.c. for relief aid or any other purposes is borrowed. what we are trying to do if you are going to spend 50, 40 billion or $10 it should be done in a fiscally responsible manner, especially if 80% of the aid is not going to be spent until 2015 why rush it through? there's going to be pork items, smithsonian and other places have nothing to do with disaster relief and that what happens around here too often. when we borrow 40 cents out of every dollar make sure it gets to those who need it and there are millions of americans in need. >> the congressman when he mentioned the drought affects you in kansas. there's a drought according to the agricul
at their schools? mr. obama demands the wealthy pay their fair share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. >> following the president's announcement, they released a statement and i'm quoting. we look forward to working with congress on a bipartisan basis to find real solutions to protecting america's most valuable asset, our children. attacking firearms and ignoring children is not a solution to the crisis we face as a nation. no, of course. more guns are always the only answer for the nra. joining us now is kristen welker live at the white house. and kristen, we're getting news that the president and the vice president will girn traveling outside of washington to engage the public on the gun issue. what are you hearing? >> that's absolutely right, martin. according to a white house official, you can expect the president and the vice president to separately get out of d.c., hit the road, talk to the american people to try to push for the proposals that they unveiled today. this is, of course, a tactic that the white house has employed i
. but there are enormous complexities that we have been lamenting in this, such as the tax and accounting and operational challenge. can you say more about what your thinking is in that area? >> now that i have a voice again with some water nothing that the jet lag and set me back. yes, i think that money market funds would be one of the primary issues that the commission temple. the process is obviously underway. i think that we have been preceding without too much reverence to what is going on. and i think that there is sort of a new spirit at the commission working with the staff and industry and amongst the commissioners. the consensus that we need to take some action. honestly there has been a lot of press lately about this. i have expressed my view it would be a great avenue to explore. recognizing, as you pointed out, there are taxing and accounting issues that need to be addressed but have not been addressed, despite the fact that this proposal has been about the industry for the last for five years. only counting front, i am hopeful that the commission has plenty of authority and we can actually
to president cane, all of our used foods are 100% tax free. this week's special includes sun dried mammals. only $0.99 a pound. be sure to visit the fruit and vegetable department for fresh found fruit from neighboring grocery stores dumpsters. and don't forget all of our used foods are 100% tax free. this week kids get free abc gum with a purchase of $20 or more. used foods emporium now with 999 convenient locations. [ applause ] >> stephanie: that was kenny pick. yeah right? president kaine, yikes. kelly you are on the "stephanie miller show." >> caller: good morning. that soundings like a lovely place to shop. >> stephanie: sorry if you are eating breakfast. >> caller: no, i'm laying in bed watching you. >> stephanie: hello. okay. >> caller: i have been listening to the chatter about gun control ever since that horrific incident in newtown, and i want to jump on the other side of the coin as somebody who has been in counseling for clinical depression for over five years. i know people with asperger's syndrome. i don't want a still ma to be attached to mental illness the w
jersey and connecticut, these three states pay almost 16% of the taxes collected in the united states of america. >> some house conservatives favored amendment offered by south carolina mick mulvaney to pay for $17 billion in disaster relief cutting discretionary spending across the board by 1.63%. >> it's important to me that the money goes to the folks who need it very badly. it's so important to me,be that i think we should pay for it. >> the amendment failed. key new york democrat says paying for disaster relief cutting elsewhere would be a first. sandy victims should get their aid. >> i wantbe to repeat this point again. united states of america we respond to disasters. all americans respond to disasters. we don't ask for off-sets. >> with the nation's debt at $16 trillion and counting, conservatives say it isn't about bashing the northeast. it is about saving the country. >> we have to get this under control. most conservatives believe we have to come to a point where we stand and fight. i hope this is the time. >> after president obama said it would be irresponsible and absurd
, and raised taxes more than once. and reagan was in favor of a ban on assault weapons just like president obama. >> right, and that comment was a way of saying that these are very centrist reforms, really common sense things that most americans agree with. he emphasized that in a few ways and a few times during that time. and i think the framing you're talking about, too, is really important. it is not just guns they're looking at. they're looking at mental health and research, links between violent media. you know, they are looking at more armed school resource officers at schools and providing funding for that. but i think constantly framing it, these are things that just make sense that the majority of americans support. and how can the republicans be so intransigent, not be even willing to discuss or consider any of these measures. >> richard, a month ago we heard the pundits say hand it off to joe biden and you will be involved in a senate committee process and lose all the momentum. well, this president/joe biden team, in the meantime, solved the fiscal cliff situation. joe biden re
the battle of spending your tax dollars . a showdown looming between the congress and president on the debt ceil tonight how majority of the americans think that the problem should be solved. >> and hot cars. fox reports from what is billed as the greatest collector car auction. i am harris falker. we start with americans held captive taken by terrorist in the bp oil plant inside of gerl -- algeria. some of our people have been breaking free of the evil captor and that siege in the oil plant is over. we can now confirm the algerian army stormed the complex and ended the siege. president obama stands ready to provide the assistance for gerl - algeria in the aftermath. so many conflicting reports as we got word of the terrorist attack. we know that lives have been lost, but the question is how many. defense secretary leon pan nela speaking today. >> since 9/11 we made clear that, that nobody is going to attack the united states of america and get away with it . for that reason we have made a commitment that we are going to go after al-qaida wherever they are and wherever they try to hide . we
because property tax revenues have dropped and a tax measure pick up the cost of those lost revenues was voted down. >> tickets for a san jose sharks at regular season finally go on sale in just a couple of hours from now. jackie sissel is live outside of h-p pavilion that we can finally reach brand of the shark tank. >> game tickets are going on sale today. i have video from yesterday or this sharks to add to the eyes for the first time and public. this is good news and the tickets go on sale today at 10:00 a.m.. most people will go on ticketmaster and that is the best way to do it. because of how cold it is most people most likely stay on the computer at home. you can also to aid the pavilion. they will be handing out numbered wristbands. at 830 they would be read and trying to find out will go first and then people could start buying tickets at 10:00 a.m.. you can't get up to the end tickets per game and eight games. here we are almost half way through january and there are many sharks fans in san jose and it is an exciting day. >> i bet any high tea is a good idea for the fans an
the hard truth. people don't want to pay more taxes they don't want to see these cuts. they don't want to embrace the simpson bowl kind of proposals. these are hard choices. you and i didn't run for president. he sought the job. he is a good man. i think you would agree with that. it is his responsibility to lead us. my sense is the problem at the moment is he's allowing the dysfunction in the capital, which is there, and the public's reluctance to make hard choices, he's allowing that to lead him, he is not leading us. >> the president will lay down his agenda february 12th, the state of the union. >> it is time for your first degree weather update maria molina. >> less of the nation waking up with cold temperatures and with snow in some areas. >> especially lake-effect snow that kicked up across the lake you have cold air going over the lake waters. we are talking feet of snow in some of those areas right off the lake. i want to talk about how cold it is in the midwest and into the northeast. it has been years for some of us. you factor in the wind that's really what makes it feel so
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